Elastic N.V. vs New Relic, Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
analyticsDevTools & Observability
Data as of Q3 2026
Summary Verdict
ESTC: 4—NEWR: 1wins
Rule of 40
37.5ESTC
37.4NEWR
check_circleESTC leads
Revenue Growth
19.1%ESTC
21.2%NEWR
check_circleNEWR leads
Gross Margin
76%ESTC
76%NEWR
check_circleESTC leads
FCF Margin
18.4%ESTC
16.2%NEWR
check_circleESTC leads
Operating Margin
-2.3%ESTC
-13.4%NEWR
check_circleESTC leads
NRR
—ESTC
—NEWR
Metric
Rule of 40Efficiency score
ESTC
37.5check_circle
NEWR
37.4
Revenue GrowthYoY
ESTC
19.1%
NEWR
21.2%check_circle
Gross Margin% of revenue
ESTC
76%check_circle
NEWR
76%
FCF MarginFree cash flow
ESTC
18.4%check_circle
NEWR
16.2%
Operating MarginGAAP
ESTC
-2.3%check_circle
NEWR
-13.4%
NRRNet retention
ESTC
N/A
NEWR
N/A
EV / RevenueValuation multiple
ESTC
5.8xcheck_circle
NEWR
6.2x
Market CapUSD
ESTC
$10.4Bcheck_circle
NEWR
$6.2B
ARR GrowthYoY
ESTC
N/A
NEWR
N/A
CAC PaybackMonths to recover
ESTC
N/A
NEWR
N/A
insights
Analysis
As of Q3 2026, Elastic N.V. trades at 5.8x EV/Revenue versus New Relic, Inc. at 6.2x. On the Rule of 40, Elastic N.V. scores 37.5 compared to New Relic, Inc.'s 37.4, placing Elastic N.V. ahead in operating efficiency. Gross margins stand at Elastic N.V. 76% vs New Relic, Inc. 76%.
Sector Context
Both companies operate in the DevTools & Observability sector. The median columns above show where each company stands relative to their peers.